From: Daytona 
Newsgroups: uk.finance
Subject: Re: Hello, I wish to become a buy to let investor/landlord.
Date: Sat, 15 Oct 2005 20:26:54 +0100

"Aztech"  wrote:

> wrote in message 
>news:1129383480.324514.206800@g43g2000cwa.googlegroups.com...
>> during the last crash , did lending return to 3x the mortgage?
>
>During the last boom they didn't tend to exceed it anyway, just shows you 
>how far we've come. Not sure about afterwards apart from enforcing strict 
>criteria regards deposits, and they just stopped lending to some groups 
>(see; credit crunch). 
>

The lending multiples will be on the CML or ODPM sites. As far as P/E
and affordability goes since the last boom,  it peaked at 3.9 in 1989,
troughed at 3.5, in 1995 and is now 6.2.



Daytona